The Conservatives are targeting the interest of first-time homebuyers through a pledge to ease the mortgage stress test, as well as allow for 30-year mortgages instead of 25 years currently.

The Liberals have vowed to expand the First-Time Home Buyer Incentive Program, in which the Canada Mortgage and Housing Corporation loans the buyer up to 10 per cent of the purchase price as long as the borrower has the down payment.

The New Democrats have promised to invest $5 billion into the construction of 500,000 new affordable homes over 10 years, while also reinstating 30-year mortgages.